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Stock impact report

Cerence Announces Fourth Quarter and Fiscal Year 2024 Results [Yahoo! Finance]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Transformation plan on track to deliver net annualized cost savings of $35-$40 million Initial FY25 revenue guidance of $236 to $247 million Record high of 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4 BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its fourth quarter and fiscal year 2024 results for the year ended September 30, 2024. Results Summary (in millions, except per share data) Three Months Ended Twelve Months Ended September 30, September 30, GAAP revenue GAAP gross margin Non-GAAP gross margin GAAP operating margin Non-GAAP operating margin GAAP net loss GAAP net loss margin Non-GAAP net (loss) income Adjusted EBITDA Adjusted EBITDA margin GAAP net loss per share - diluted Non-GAAP net (loss) income per share - diluted As previously disclosed, Q1FY24 revenue includes the non-cash revenue associated with the Toyota “Legac Show less Read more
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